---
title: "Hong Kong Stock Movement: XXF Group falls 15%, shareholder holdings trigger confidence crisis, acquisition plan reactions mixed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277419877.md"
description: "XXF fell 15.00%; Zhongsheng Holdings fell 3.86%, with a transaction volume of HKD 121 million; Guanren Holdings fell 8.34%, with a transaction volume of HKD 10.07 million; Yongda Automotive fell 1.97%, with a transaction volume of HKD 5.11 million; Meidong Automotive's market value reached HKD 2.221 billion"
datetime: "2026-03-02T07:21:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277419877.md)
  - [en](https://longbridge.com/en/news/277419877.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277419877.md)
---

# Hong Kong Stock Movement: XXF Group falls 15%, shareholder holdings trigger confidence crisis, acquisition plan reactions mixed

**Hong Kong Stock Movement**

XXF Group fell 15%. Based on recent key news:

1.  On February 26, shareholders of XXF Group deposited shares into GF Securities Hong Kong, with a warehouse market value of HKD 116 million, accounting for 5.72%. This action may raise market concerns about shareholder confidence in the company, leading to a decline in stock price.
    
2.  On February 26, XXF Group announced the signing of a memorandum of understanding with Kuangshi Technology, planning to acquire a 51% controlling stake in Kuangshi Technology through equity acquisition or capital increase. Market reactions to this acquisition plan have been mixed, which may lead to stock price fluctuations.
    
3.  No other significant news recently. The Hong Kong market has been volatile recently and requires attention.
    

**Stocks with High Trading Volume in the Industry**

Zhongsheng Holdings fell 3.86%. Based on recent news,

1.  On February 27, Zhongsheng Holdings performed the worst this week, with a decline of 12.87%. The stock ranked the lowest among the Hang Seng Index constituents, indicating market concerns about its future performance, possibly related to intensified industry competition. Source: Economic Information Daily
    
2.  On February 27, Simply Wall St analysis pointed out that Zhongsheng Holdings may be undervalued or overvalued, involving factors such as valuation, risk, dividends, and insider trading. Although the analysis did not consider the latest company announcements, market attention to its financial condition may impact the stock price. Source: Simply Wall St The Hang Seng Index rose 0.82% this week, with significant market volatility.
    

Guanyun Holdings fell 8.34%, with a trading volume of HKD 10.07 million, and no significant news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, the stock shows significant volatility, with specific reasons needing further observation.

Yongda Automobile fell 1.97%, with a trading volume of HKD 5.11 million, and no significant news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, the stock shows significant volatility, with specific reasons needing further observation.

**Stocks with High Market Capitalization in the Industry**

Meidong Automobile has a market capitalization of HKD 2.221 billion, with no significant news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, the stock shows significant volatility, with specific reasons needing further observation

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